Mari Energies Limited (PSX: MARI) has commenced gas and condensate production from its Spinwam-1 discovery in the Waziristan Block, Khyber Pakhtunkhwa Province, marking a significant milestone in the company’s exploration and production activities. The well has entered the Extended Well Testing (EWT) phase, delivering strong initial flow rates.
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The Spinwam-1 well, completed in the Lockhart reservoir, is currently producing approximately 40 million standard cubic feet per day (MMscfd) of gas and 200 barrels per day (BPD) of condensate. This achievement brings the early production facilities at Shewa to full capacity, with combined output from both the Shewa and Spinwam wells now reaching around 100 MMscfd of gas and 800 BPD of condensate.
Joint Venture Structure
Mari Energies operates the Waziristan Block with a 55% working interest, leading a consortium that includes:
| Partner | Working Interest |
|---|---|
| Mari Energies Limited (Operator) | 55% |
| Oil and Gas Development Company (OGDCL) | 35% |
| Orient Petroleum Inc. | 10% |
Strategic Significance
The successful commencement of production from Spinwam-1 represents a significant addition to Pakistan’s domestic hydrocarbon supply. The Lockhart reservoir has proven to be a productive formation, and the combined output from the Shewa and Spinwam wells contributes meaningfully to the country’s energy security.
For Mari Energies, this development reinforces its position as a key player in Pakistan’s upstream oil and gas sector. The company’s successful exploration and production activities in the Waziristan Block demonstrate its technical expertise and operational capabilities.
About Mari Energies Limited
Mari Energies Limited (PSX: MARI) is a leading Pakistani exploration and production company, operating as the operator of the Mari gas field and other exploration blocks across the country. The company is committed to enhancing domestic hydrocarbon production and contributing to Pakistan’s energy security.
About the Waziristan Block
The Waziristan Block is a hydrocarbon exploration and production area located in Khyber Pakhtunkhwa province. The block has yielded multiple discoveries, with the Shewa and Spinwam wells now contributing to early production facilities.
